JCR Eurasia Rating has affirmed the rating of 'AAA (Trk)' along with a 'Stable' outlook for Türkiye Garanti Bankası A.Ş. on the Long Term National Scale, which denotes the investment grade with the highest credit rating note assigned by the agency on its report dated August 26, 2020. On the other hand, the Long Term International Foreign and Local Currency ratings were assigned at 'BBB-' and 'BBB', respectively within the investment grade category as well.
Bank's current ratings are as follows:
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
JCR Eurasia Rating (August 26, 2020)
Long Term International FC
BBB- (Negative)
Long Term International TL
BBB (Negative)
Long Term National
AAA (Trk) (Stable)
Short Term International FC
A-3 (Negative)
Short Term International TL
A-3 (Negative)
Short Term National
A-1 +(Trk) (Stable)
Sponsor Support
1
Stand Alone
A
Attachments
Original document
Permalink
Disclaimer
Turkiye Garanti Bankasi AS published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 11:51:05 UTC
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.
TURKIYE GARANTI BANKASI 
